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35 press releases from January 2012

31 January 2012

Urgent action needed to avert flood risk for high-risk households - PwC comments

PwC comments on the Association of British Insurers’ (ABI) research about the worrying scale of flood risk faced by communities across England and Wales, which...

They’re behind you! It’s panda-monium as PwC’s panto plays for children from schools and charities

Panto season comes live from London’s West End to cinemas around the country this week as local employer PwC’s production of Aladddin is broadcast live...

Petroplus Refining & Marketing Limited (in administration) ("PRML")

Update from the Joint Administrators This morning the joint administrators of PRML announced they have acquired a cargo of oil to be processed at the...

Revised proposals to update UK accounting framework will ease cost of transition burden for under–pressure companies, says PwC

Complex accounting proposals affecting tens of thousands of UK companies have been smoothed out by UK standards setters, potentially reducing costs and complexity as businesses...

PwC analysis - M&A trends in the European Entertainment & Media industry

Digital and Restructuring driving the agenda According to new analysis by PwC, despite the challenging economic backdrop there were more European Entertainment & Media (E&M)...

30 January 2012

Renewables M&A hits new record highs

• Total renewables deal value leaps 40% worldwide, driven by industry shake-out • Billion dollar deals dominate • Reappraisal of nuclear post Fukushima gives extra...

27 January 2012

Financial Services Bill leaves many questions unanswered – PwC comments

Laura Cox, PwC partner, said: "While we welcome the Government's efforts to progress this critical legislation, we had hoped to see some of the very...

Europe’s economic crisis has left real estate investment and development in limbo – little relief expected in 2012: Emerging Trends Real Estate® Europe

An economic crisis has left the European real estate industry in limbo, with preferred markets chosen more on their potential as safe havens than high-growth...

26 January 2012

Nick Clegg's speech - PwC comments on increasing the personal allowance

Commenting on Nick Clegg's speech today, Alex Henderson, tax partner at PwC, said: "A £100 increase in the personal allowance is estimated by HMRC to...

PwC comments on the AGR Winter Survey

Gaenor Bagley, PwC head of people, comments on the AGR Winter survey predicting an increase in graduate starting salaries but a drop in vacancies. If...

Petroplus Refining and Marketing Limited (PRML) - Update

Update from PwC partners, Steven Pearson and Stephen Oldfield, Joint Administrators of PRML The joint administrators of PRML are pleased to announce that over night...

PwC comments on the new EU General Data Protection Regulation

PwC data protection experts outline how the proposed reforms to the EU 1995 data protection rules published yesterday by the European Commission will impact businesses...

25 January 2012

PwC comments on the FSA’s AIFMD proposals

The FSA has published a discussion paper which gives a first indication of how the Alternative Investment Fund Managers Directive (AIFMD) may be implemented in...

PwC cyber security experts shock global business leaders into action at Davos

As the World Economic Forum reveals cyber as a top-five global risk in terms of likelihood and potential impact over the next 10 years in...

24 January 2012

Petroplus Refining & Marketing Limited and Petroplus Refining Teesside Limited – in administration

Steven Pearson and Stephen Oldfield partners of PwC were appointed joint administrators of Petroplus Refining & Marketing Limited on 24 January 2012. Petroplus Refining &...

UK CEOs more confident than eurozone counterparts but economic volatility remains their leading concern

Analysis from PwC’s annual global survey shows that despite variable confidence levels, UK CEOs are continuing to invest despite the continued uncertainty, and in the...

23 January 2012

UK suffers nearly 10,000 construction & manufacturing insolvencies in two years, says PwC

Over 5,000 construction insolvencies since 2010 Over 4,000 manufacturing firms go under in the same period London alone sees 927 construction insolvencies since start of...

Emerging markets interest to reshape global power M&A, says PwC

Mix of divestment, repositioning and market growth imperatives make for potentially buoyant conditions A major shift in global power M&A is taking place, ending a...

Young workers value training and work/life balance over cash bonus

Millenials Video downloads 0112_Millenials_Q3_EB018.wmv... A major survey of more than 4,000 graduates and accompanying report released today by PwC, reveals the priorities of the population...

18 January 2012

Business needs to do more to manage deal risks in growth markets, urges PwC report

· PwC analysis of 200+ deals identifies common problems · Over 50% of deals in growth markets fail to move from external due diligence to...

16 January 2012

Are black swans turning grey? PwC paper reveals companies are not prepared for the new risk landscape

Major-impact, catastrophic events becoming more frequent Current risk management practices are deeply lacking It is the board’s responsibility to embed a new risk culture Good...

Digital banking to be the norm by 2015 – PwC research

· Consumers are willing to pay up to £10 a month for digital banking services · 69% of consumers already use internet to buy financial...

13 January 2012

Solvency II ECON vote delayed – PwC comments

The vote on the European Parliament’s amendments to the Omnibus II text has once again been delayed. The Economic and Monetary Affairs Committee (ECON) vote...

Public sector fraud on the rise globally, finds PwC report

· Economic pressures a major driver · Fraud by employees and suppliers on the rise · Cybercrime emerges as a growing threat Public sector organisations...

Big spending predicted in 2012 for gold mining companies

Rising gold prices, more acquisitions and further project development expected According to PwC’s new annual Gold Price Report, 80% of mining companies expect the price...

12 January 2012

PwC comments on Ofcom's proposals to extend 4G mobile coverage

Valuable spectrum that is being cleared as a result of the digital switch-over will become available next year and this award will enable mobile operators...

Programmed for growth: PwC’s outlook for the technology deals market

Merger & Acquisition (M&A) activity in the technology sector has remained buoyant in 2011, according to new PwC analysis. The strategic nature of many deals...

11 January 2012

PwC statistics show a drop in UK real estate insolvencies, but there is no room for complacency

The latest PwC analysis into insolvency numbers suggests that the UK property sector had a better last quarter of the year, but there are still...

A quarter of PwC's graduate trainee intake this year will be former interns: PwC comments on the key themes in the High Fliers The Graduate Market in 2012 report

25% of the 1,200 graduate trainee vacancies go to former PwC interns. Around 30 interns joined PwC in September having spent all of their university...

Improved prospects for IPOs in 2012 after lacklustre end to 2011

The European market for company floats has suffered a difficult fourth quarter, rounding off a tough year for initial public offerings (IPOs) across the region....

10 January 2012

PwC insolvency statistics show hospitality and leisure suffers biggest increase in insolvencies compared to last year

The latest PwC analysis into corporate insolvency numbers shows that the hospitality and leisure industry is significantly worse off compared to this time last year...

09 January 2012

Financial services sector growth increased, but caution remains - CBI/PwC

The volume of business in UK financial services grew for the seventh quarter running and at the fastest pace since June 2007, in the three...

05 January 2012

Winter storms – PwC comments on insurance impacts

The winter storms have led to significant issues for certain parts of the UK. Mohammad Khan, insurance partner at PwC discusses the impact for insurance...

All pension provision threatened by EU "Solvency II" type regime, says PwC

EU proposals to adapt solvency capital requirements to pension schemes could destroy not only defined benefit schemes but any occupational pension provision, whether defined benefit...

04 January 2012

One year anniversary of VAT rise to 20% - PwC says increase added 1% to level of prices in 2011

Commenting on the one year anniversay of the VAT rise to 20%, PwC's chief economist John Hawksworth said: "The increase added around 1% to the...
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